Silver Outlook for Today, MCX Silver Trend for - 26-Feb-2013
SILVER TREND & INTRADAY LEVELS
Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 52865.Resistance for the Silver is 55118-56096-57059-57965-59026-59539-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is moving sideways so short term investor better to buy if close above 55278.0 closing below 53077.0 Sell will happen. The Silver is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 54752 with a stop at 53529.4 Below 53194.7 go for sell and put stop at 54416
Intraday Resistance of SILVER are 54345.7/54655.8/54356.6/54473.3
Intraday Support of SILVER are 53598.3/53288.2/53428/53312.5 |
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